Inmobiliaria Colonial to acquire remaining stake in SFL from Predica Prevoyance Dialogue du Credit Agricole for £186m.

Inmobiliaria Colonial, a real estate company, agreed to acquire remaining stake in Societe Fonciere Lyonnaise, a French property company, from Predica Prevoyance Dialogue du Credit Agricole, an insurance company, for £186m. "This is a way to buy what everybody wants to buy but nobody is able to - high-quality, scarce assets. On top of that we do it with a blend of cash and securities at a price below market value," Pere Vinolas, Colonial CEO.